Market Momentum: Ballard Power Systems Inc. (BLDP) Registers a -4.80 Decrease, Closing at 2.58

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Ballard Power Systems Inc. (NASDAQ: BLDP) closed the day trading at $2.58 down -4.80% from the previous closing price of $2.71. In other words, the price has decreased by -$4.80 from its previous closing price. On the day, 1.61 million shares were traded. BLDP stock price reached its highest trading level at $2.69 during the session, while it also had its lowest trading level at $2.58.

Ratios:

For a better understanding of BLDP, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.88 and its Current Ratio is at 11.66. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.

On September 25, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $4.50.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLDP now has a Market Capitalization of 773300800 and an Enterprise Value of 78760672. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.46 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is -0.515.

Stock Price History:

Over the past 52 weeks, BLDP has reached a high of $5.51, while it has fallen to a 52-week low of $2.42. The 50-Day Moving Average of the stock is -10.94%, while the 200-Day Moving Average is calculated to be -22.06%.

Shares Statistics:

Over the past 3-months, BLDP traded about 2.73M shares per day on average, while over the past 10 days, BLDP traded about 1926850 shares per day. A total of 298.94M shares are outstanding, with a floating share count of 242.25M. Insiders hold about 19.08% of the company’s shares, while institutions hold 20.61% stake in the company. Shares short for BLDP as of 1715731200 were 21335637 with a Short Ratio of 7.81, compared to 1713139200 on 22416614.

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